#non stpi

[taxcruxsocial]

🏢 STPI and Non-STPI Registration in India: A Complete Guide for IT & ITES Businesses (2025)

In India, the IT and IT-enabled services (ITES) sector has witnessed exponential growth. To promote exports and innovation in this domain, the government offers STPI (Software Technology Parks of India) and Non-STPI registration models. These schemes provide fiscal benefits, regulatory support, and infrastructure to IT units. In this guide, we’ll explain the eligibility, process, documentation,…

[human-resources-india]

Statutory Compliance for IT Companies in Bangalore

Statutory compliance refers to the legal requirements and regulations that a company or organization must adhere to in order to operate within the bounds of the law. These requirements vary depending on the industry and location, but can include things like paying taxes, obtaining licenses and permits, and meeting safety and environmental standards.

In Bangalore, a city known for its booming technology industry, statutory compliance is particularly important for companies in the software development and IT services sectors. These companies must not only comply with national laws and regulations, but also adhere to industry-specific guidelines set by organizations like the Ministry of Electronics and Information Technology (MeitY) and the Software Technology Parks of India (STPI).

One of the key areas of statutory compliance services in Bangalore for IT companies, is data protection and privacy. The MeitY has established guidelines for the collection, storage, and use of personal data, which IT companies must follow to ensure they are not in violation of any laws. Additionally, the General Data Protection Regulation (GDPR) in Europe also applies to companies that process the personal data of EU citizens, regardless of where the company is based.

Another area of statutory compliance for companies in Bangalore is labor laws and workplace safety. The Occupational Safety, Health and Working Conditions Code, 2020, and The Industrial Employment (Standing Orders) Central Rules, 1946 are the key regulations that companies must follow to ensure the safety and well-being of their employees.

One of the challenges of statutory compliance is staying up-to-date with the latest regulations and laws. The IT industry in Bangalore is constantly evolving, and new laws and guidelines are frequently introduced. Companies must stay abreast of these changes and ensure they are in compliance with the latest requirements.

To manage statutory compliance, many companies in Bangalore have implemented compliance management systems, which are designed to help organizations keep track of their compliance status and identify areas where improvements are needed. These systems typically include features like automated compliance checks, tracking of compliance-related documents, and reporting tools that make it easy to identify and address any issues.

In addition to compliance management systems, companies in Bangalore also rely on the services of legal and compliance professionals to help them navigate the complex landscape of statutory compliance. These professionals can provide guidance on compliance requirements, help companies stay up-to-date with the latest regulations, and assist with compliance-related issues as they arise.

In conclusion, statutory compliance is a critical issue for companies operating in Bangalore, particularly those in the IT industry. Adhering to legal requirements and regulations is essential for protecting the company, its employees, and its customers. By implementing compliance management systems and working with legal and compliance professionals, companies in Bangalore can ensure they are in compliance with all relevant laws and regulations and minimize the risk of non-compliance penalties.

[w-ht-w]

US Policy Master’s degrees: why and when?

[background + goal] “may impact what degree to get (e.g. subject, location, type of graduate degree).” (1)

Exploration: Policy master’s allow you to quickly explore different policy areas by choosing classes from a wide range of topics. While we recommend only doing a policy master’s if you’re reasonably confident you want to work in policy, within policy you don’t need to have fixed priorities when you start graduate school. (1)

To explore the policy domain and build relevant career capital, many college graduates should (try to) do a few relevant internships, fellowships, or early-career jobs before going to graduate school. For example, you might try to get work experience in Congress (see here and here for tips), think tanks, in the executive branch, or in policy-related private sector roles.[28] You should also consider policy fellowships (see database) that are open to or specifically targeted at recent college graduates, such as the Open Philanthropy Technology Policy Fellowship (junior think tank track), the STPI Science Policy Fellowship, the TechCongress Congressional Innovation Scholars Program, the Scoville Peace Fellowship, or the Endless Frontier Fellowship. (1)

Not every impact-oriented organization cares about formal credentials

Many non-policy organizations (including most EA organizations) care less about traditional credentials like graduate degrees relative to just working in the field itself (especially if you can credibly demonstrate your ability to do excellent work). (1)

Experiential alternatives to MPP: complements not substitutes

Alternative ways to get some of the benefits of a master’s degree include internships, fellowships, and junior positions. However, these options are better seen as complements to a policy master’s rather than substitutes—for example, doing a policy internship in undergrad may help you get into a top policy master’s, which together may help you get a prestigious policy opportunity like the Presidential Management Fellowship. (1)

Education alternatives to MPP: Law school, PhD, STEM graduate degrees

Law school may make sense if you (1) want to work as a government lawyer or shape policy through legal advocacy outside of government (or at least want to keep this option open), (2) can get into a top law school, (3) enjoy learning about law and the legal system, and (4) want a high-earning, high-prestige non-policy back-up option.

A PhD can make sense if you (1) want to keep open the option of an academic career, (2) aim for policy positions that require a PhD (e.g. senior science policy and funding roles), (3) can use the PhD to research relevant policy topics, and (4) require PhD funding to attend graduate school. If you want to get a US PhD, we strongly recommend not first getting a master’s degree due to the time costs.[31]

You can also work in policy with STEM graduate degrees, but this is less common. STEM degrees may provide valuable technical knowledge and boost your credibility for science and technology policy work. Yet, while STEM graduates can do high-impact policy work, their degrees are time-intensive and not designed to prepare them for a policy career (in terms of the career capital they build). Thus, we do not generally recommend pursuing a STEM degree for the purpose of working in policy long-term (though policy can be a good option if you want to get, or already got, a STEM degree for other reasons). (1)

General or more specialized policy degree?

MPA and MIA degrees are typically fairly broad and general, while offering some specializations.[4] There are also more specialized policy degrees on topics like biodefense. We usually recommend more general degrees over highly specialized ones due to their greater option value. While specialized degrees provide more relevant career capital for one specific policy area, they can make switching later more costly. Given that there are many ways to specialize in the course of a more general degree (e.g. through internships, course selection, and research work), we only recommend such specialized degrees if you’re very confident in your policy area/cause of focus. (2)

1. https://forum.effectivealtruism.org/posts/yvsf8DfdQJZ8EadtG/us-policy-master-s-degrees-why-and-when-part-1

Summary

What are policy master’s degrees? They are typically two-year programs in subjects like public policy/administration (MPP/MPA), international relations/security studies, or more technical programs like public health (MPH). Policy master’s fall on a continuum from highly academic to highly practitioner-oriented, with the latter typically being better preparation for a policy career. [read more]

Do I need a master’s to work in policy? Doing a master’s (or other graduate degree) is generally valuable for policy work and often necessary, depending on the institution and role (especially in executive agencies and think tanks). As a policy professional, you’ll most likely want to do a master’s eventually, with limited exceptions such as some career tracks in Congress. [read more]

What’s the value of a master’s for policy work? A master’s builds your career capital for specific paths like policy. The credential is useful and often necessary to get a policy job. Master’s degrees also provide value through learning, skill-building, networking, exploration, and more. The relative importance of these factors depends on your background and goals, and may influence what degree to get (e.g. subject, location, type of graduate degree). [read more]

If I want to do a master’s, when should I do it? We recommend most people to work for 1-3 years before going to graduate school for career exploration and career capital building. A graduate degree can be expensive (in terms of both time and money), so you’ll want to make sure going to graduate school makes sense and that you’re getting the right degree. It’s a common pitfall for people to take the path of least resistance and go to graduate school right after college having little idea what they want to work on longer-term. Graduate school can be a useful “career reset” after which employers care less about whether you worked on unrelated things previously. Also, working before graduate school makes you more competitive for top policy degrees. [read more]

What are the best graduate degrees for policy work? The three most common types of graduate degrees among policy professionals are (1) policy master’s degrees, (2) law degrees, and (3) PhDs. Among the different graduate degree options, a policy master’s degree (e.g. in public policy or international relations) often provides the best balance of benefits over costs for those wishing to advance their policy careers. While policy master’s are the default for policy work, many people reasonably choose law school or a PhD given their specific circumstances. There are also great opportunities for working in policy with a STEM graduate degree, but we don’t generally recommend doing a STEM PhD for the sake of getting into policy. [read more]

Where should I do a master’s? Our policy master’s database includes ~20 degrees that will set you up well for a policy career. We recommend attending a Washington, DC-based university (especially Georgetown University or Johns Hopkins SAIS). Ideally, you'll work or intern in policy alongside your master’s, and DC is where most federal policy jobs are. Many master’s programs at DC universities are designed to allow students to intern and work while completing their degree (lower workloads, evening classes, etc.). This significantly reduces the opportunity cost of studying. The policy schools of DC universities also have career programming to help you get policy jobs as well as professors, alumni, and classmates with deep government connections. Programs outside of DC score less well on these dimensions, though there are exceptions (e.g. Harvard Kennedy School). Part 2 discusses in detail how to choose where to apply.

Why not do a master’s for policy work? First, if you’re highly uncertain about working in policy, you should likely explore more first before doing a policy master’s. While a master’s is often seen as broadly favorable even in non-policy jobs, the case for getting a policy master’s is much stronger if you’re confident you want to work in policy. Second, depending on your circumstances you may want to get a law degree or PhD instead of a policy master’s. [read more]

2. https://forum.effectivealtruism.org/posts/q5vFSbzz5BoymFfPp/us-policy-master-s-degrees-top-programs-applications-and

3. Notes on personal fit (general):

https://80000hours.org/articles/personal-fit/

4. Tips on networking in DC: https://forum.effectivealtruism.org/posts/qPvZJkcqvGAeFt3o6/takeaways-on-us-policy-careers-part-2-career-advice#On_networking_often_and_well

5. fellowship database: (see database)

[hemanchong]

I like my work on covers of magazines and I cannot lie. “Foreign Affairs is a series of banal photographs of #embassy #backdoors. The #systematic #repetition of #images #simultaneously recalls a #cinematic frame and the #omnipresence of the #surveillance #camera that #watches #nothing and #everything. As a #literal and #cumulative #representation of embassy backdoors, each #image of a backdoor can be read as #infrastructural, making apparent the very form of the non-descript embassy backdoor and its component parts: greenery as camouflage, the lone face of a strategically positioned surveillance camera, the additional lock or additional gates. These banal representations are the threshold of the exceptional space of the embassy, which in and of itself is the physical manifestation of an agreement between two states of respective sovereignty.” Text by @kat_ditzig #artasiapacificmagazine @artasiapacific #HemanChong #BackdoorsOfEmbassies #CoverOfAMagazine (at STPI - Creative Workshop & Gallery) https://www.instagram.com/p/CRTCVqFFQLk/?utm_medium=tumblr

[guptachandanassociates]

HC remanded matter as ITAT upheld order of CIT(A) without recording any finding

HC remanded matter as ITAT upheld order of CIT(A) without recording any finding

INCOME TAX : Apportionment of common expenses of STPI and non-STPI unit of assessee was to be done on basis of turnover of each of these units so as to compute deduction under section 10A in respect of STPI unitINCOME TAX : Apportionment of common expenses of STPI and non-STPI unit of assessee was to be done on basis of turnover of each of these units so as to compute deduction under section 10A…

[paarthinfrabuild]

Infrastructure development in Kanpur road area

Lucknow has been growing fast over last decade and has been a leading non-metro town when it comes to new developments. While infrastructural developments are happening across the city, the progress in Lucknow-Kanpur road area is quite rapid. And it is quite appropriate considering that this road connects the two most important cities of UP and it has the fastest growing airport east of Delhi airport. The metro connectivity to other parts of city from here ensures a quick and efficient transport system.

Till a few years back, Kanpur road area was not considered to be appropriate for luxury residences. The city was gravitating towards Gomti Nagar and further towards Raebareli road. Amausi airport had not received any expansion for years and connectivity from this area to rest of the places in the city could at best be described as patchy. The ongoing metro work was a nuisance and it was not easy to visualize the advantages of this network in future. But as Lucknow started growing and airfares in India started coming down, people took to air travel in droves. The airport was expanded and international flights were started. Just to understand it, let’s look at some of the statistics. The footfall at Amausi airport increased from 23 lacs in 2013-14 to 47 lacs in 2017-18. Also, as the metro started operations, people realized the efficient mode of transport it provided and suddenly this whole area near the airport was in focus. There is an ongoing project of an elevated road connecting Shaheed path to airport.

As the metro network keeps getting expanded, new infrastructure developments started taking place in the area. A new integrated terminal building at the airport was started with an outlay of roughly 1400 cr. And is progressing fast. The Lucknow- Kanpur highway was also upgraded and is now a congestion free road, further paving way for making driving smooth here. Another big infrastructure project that has been announced in this area in Sep’2020 is the setting up of India’s largest start-up incubator center opposite Amausi airport. This is planned to be a 2.5 lac sq ft facility which will be set up by Uttar Pradesh electronics corporation and probably be built and operated by Software Technology parks of India (STPI), a central government agency.

As expected, this area is witnessing a rush of private projects also as government projects are reaching their completion. There are new industries being set up and a number of residential projects are being launched. As Amausi airport expands and new integrated terminal starts operation, this area will also become a large transit center for travelers from across Uttar Pradesh. Considering that, a host of new hospitality projects are being developed in the area, which will improve the traction even further. Though most of the residential projects in the area are very small in their scope and are not well planned, the Paarth republic township is sure to meet the expectations of new age investors and renters. As a result, the prices are moving up in this community as rental yields are also expected to move north.

[analyticsindiam]

BIG STORY: What The Layoffs By Cognizant & Infosys Mean For India's Economy

We have seen quite a few cases of layoffs recently in India, including many companies from the IT sector. The list contains Cognizant, Infosys, Deutsche Bank, Capgemini and UiPath, among others, and highlights the fact that full-blown recession may be upon us soon. A ripple effect starting with a slowdown in the economy post the NBFC crisis, leading to a terrible year for the automotive industry has now reached the IT/ITES which too is showing signs of not slowing growth a highly pronounced cautionary approach by companies in terms of hiring and retaining talent.  As the technology segment of the Indian economy has a bigger dependence on global clients, IT-based outsourcing is the place most of the income lump originates from. On the off chance that the downturn hits the world, the Indian IT market may see more damage. The recent layoffs by tech companies like Cognizant and Infosys highlight the recession fears are real, and the situation is worsening for the large IT players.  Layoffs: Optimising Costs For The Workforce Companies are making fast steps to cut back any extra costs related to jobs. Here, costs and automation are playing a key and helping rejig the workforce.  Let us take Cognizant’s example — a company which has 75% of the organisation's workforce (290,000-worldwide) in India alone. Cognizant announced a net firing of 7,000 in its workforce in India, primarily due to a renewed focus away from content as well as cost optimisation. The company has faced criticism due to the fact that it reported a decent quarterly profit and yet announced layoffs.  For the third quarter which ended September, Cognizant registered a revenue of $4.25 billion, up 4.2% from the comparable quarter last year.  On the hiring side, Cognizant workforce has now honed its attention on freshers. It has expanded compensations for entry-level employees and is laying off mid-and senior-level workers to account for talented youngsters. Cognizant's cost optimisation by hiring more freshers comes as a silver lining though raising worries of professional stability for the mid-level employees. The company has told it may see an annual cost savings of $500-550 million by optimising workforce at the senior level and also exit from a business that is not in line with its strategy such as content moderation.  The total number at layoffs at Infosys amount to 4,000-10,000 people and the company has reasoned that as a high-performance organisation, involuntary attrition is crucial for the usual course of business and should not be interpreted as any mass trimming across any level. The layoffs were needed for the company due to a strong focus on cost optimisation and rising needs for technology skills. It too has renewed its focus on hiring skilled freshers to not only save costs but also renew tech skills.  The Positive Side For India’s Employment Scenario But, if we look at the positive side, innovation is also bringing in hope for new jobs. Technology will trickle down to SME businesses to help create new business models or bring new efficiency to the existing ones. Talking about job creation through tech, Software Technology Parks of India (STPI) is expecting to make around 15,000 direct jibs through North East BPO Promotion Scheme (NEBPS).  STPI is an association under the Ministry of Electronics and Information Technology (MeitY). Government of India has invested ₹50 crore to boost the foundation of 5,000 seats in regard to BPO/ITES activities in the area. Similar investments are being made across different states in collaboration with government and industry bodies. Tamil Nadu, for example, got ₹6,500 crore as investments in the IT and ITeS industry in the last one year and it has led to about 60,100 new jobs in Tamil Nadu during the time frame, stated Chief Minister Edappadi K Palaniswami. Reliance which has around 6,000 programming engineers, is also focusing on enlisting a lot more to achieve its innovation projects relating to artificial intelligence, telecom, blockchain, IT services. Toward this path, Reliance has likewise put resources into 14 new businesses to help drive various initiatives to make AI-first economy, and focus on SMEs of India. The company said would hire about 6,000 more employees in this financial year.  The SMEs in India incorporate 63.4 million units and records for almost 30% of India's GDP, utilising around 460 million individuals. The division likewise compensates for 33.4% of India's yield in manufacturing, offering work to around 120 million Indians, as indicated by CII. In fact, the promise of technology is so significant that that digitisation of SMEs could grow their commitment to India's GDP by 10% points, driving it up to 46-48% by 2020.  And it’s not just a few instances of hiring. In fact, the net hiring by the top three IT companies —  TCS, Infosys and Wipro climbed 59% in the September quarter compared to the June quarter. TCS, Infosys and Wipro, together with hired 28,157 employees against 16,687 in Q1FY20. Here, the hiring seems to be more focused on freshers, as discussed previously.  Startups Are Manufacturing Jobs At A Decent Rate With the extension of more than 1,300 new businesses this year, India continues bracing its circumstance as the third greatest startup framework on the planet, as demonstrated by IT industry body Nasscom. India similarly observed the development of seven Unicorns this year till August taking the hard and fast tally to 24, which again is third beside US and China.  There are around 430,000 employments from startups and 60,000 of them in 2019, as per Nasscom-Zinnov report. India's startup environment can possibly make up to 12.5 lakh direct employment by 2025, from 3.9-4.3 lakh direct occupations in 2019, as indicated by another report from industry body Nasscom. Indicator: Cutbacks Also Stress Reskilling As the world gets ready for an economic downturn, trade wars between the US and China are adding to the uncertainty. India is in a turbulent circumstance, also with a slowing financial circumstance, as shown by the falling quarterly GDP rate. A significant level of non-performing assets (NPAs), NBFC emergency and moderate credit development stand before the economy.   The bad news is recession coupled with automation may see more India layoffs in the coming days, particularly in industries where repetitive processes are involved. The reason is Indian companies will focus on cost optimisation by using automation tools. The major task, in that case, is the investments in infrastructure and reskilling as new-age skills will drive the creation of new jobs. Cutbacks over various areas are representing a test that requires reskilling and vocation support for workers. In a creating nation like India, there are huge open doors for work creation as there is no lack of significant work necessities. It, of course, requires astute planning and reconsidering the job market in alignment with new technologies. Read the full article

[lntrealty]

Green Spaces — A Sustainable Workplace

Moving into green office spaces in order to build a sustainable workplace is the need of the hour. This will:

• Reduce the impact a business can have on the environment• Reduce its carbon footprint

• Reduce a business’s dependence on non-renewable sources of energy by relying on solar energy for lighting (exterior and interior), heating and cooling

• Minimize environmental impact by minimizing water wastage, recycling and limiting daily waste generation from the office. Furthermore, a sustainable workplace boosts morale and promotes the positive mental health of the people working there, giving certain advantages to businesses like:

• Increased productivity, thus increasing their ability to meet deadlines

• Increased flexibility, thereby making diversification and resource management easier

• Increased revenue generation and

• Reduction in operational costs. This trend is slowly catching up to developing nations like India. Indian metro cities are the ones that first adopted the trend of building green commercial spaces and sustainable workplaces. Among them, Haryana is leading the way thanks to the efforts of renowned real estate developing companies like L&T.L&T’s Business Park in Haryana’s Faridabad has become the most favored commercial property in the region. The project goes toe-to-toe with the basic principles of sustainable workspaces. The project is the perfect example of green commercial office spaces in Faridabad that has minimal impact on the environment. Let’s explore more about the project in the following sections now, shall we? Case Study — L&T Business Park — Mathura Road, Faridabad If you are looking for office spaces for lease in Faridabad, look no further, for L&T’s Business Park in Mathura Road is here to satiate your needs of moving into a green building and provide your workforce with a sustainable workplace. Furthermore, the project is in proximity to the nearest metro station and important cities like Gurugram, Noida & Delhi NCR. Reasons to choose this project at a glance 

• This project offers the perfect opportunity for anyone looking for office space in Faridabad that is safe. It is a gated commercial community which obviously makes the best choice for businesses where safety is the primary concern.

• Choose this project if you are looking for office space in Mathura road Faridabad and reap the benefits of precision-engineered, well planned and impressively designed buildings that ooze sustainability.

• It is close to the bustling suburban region of Okhla

• Taj’s Vivanta is in proximity to the commercial project as well

• It is known for its lush green landscape, fully-furnished and air-conditioned meal areas, pathways and parking lots.

• Benefits for businesses include IT, ITES and STPI

• Central Air Conditioning System is operational round the clock

• You can easily access the property via nearby Metro services. The closest Sarai Metro Station is just 0.1 KM from the structure.

• Nearest Domestic Airport is 26.8 KM away and IGI airport is 31 KM from the project.

• There are numerous 5-star rated hotels, resorts, parks, and hospitals in proximity to the project

• Washrooms in every deck of the complex give it an elite touch. It is equipped with elevators as well

• The project is well-linked by highways and metro to all the chief mini-markets of Delhi NCR. Conclusion Going green and adopting sustainable workplaces is the only way you can ensure that the future generation will be able to enjoy the Earth and her natural offerings to the fullest. If proper actions are not taken today, the future is uncertain for sure! L&T’s Business Park in Faridabad is just the beginning. If all construction companies and business owners follow suit, India too can contribute to keeping the environment fit for humans for years to come.

[corpseedites]

Any company/partnership firm/proprietorship, which is into development of Export-oriented Computer Software/IT Enabled Services, can register itself as NON-STP unit under STPI to avail Softex certification.

[indgovtjobslive-blog]

STPI Recruitment 2020 Apply Online 13 Vacancies  

Programming Technology Parks of India (STPI) welcomes applications from qualified possibility for enlistment of following Group 'A' S&T and Non S&T opening. The presents are proposed on be topped off by the Transfer (Absorption)/Direct Recruitment Basis. The last date for enlistment of online applications is twentieth September 2020.

[hemanchong]

I’m participating in @artbasel’s OVR: Portals co-curated by @distantatlas #ChristinaLi! I’ll be speaking about two of my works #ForeignAffairs and #CallForTheDead this Thursday at 7 pm Singapore time. The link is in my stories. See you! Please come! “Foreign Affairs is a series of banal photographs of embassy backdoors. The systematic repetition of images simultaneously recalls a cinematic frame and the omnipresence of the surveillance camera that watches nothing and everything. As a literal and cumulative representation of embassy backdoors, each image of a backdoor can be read as infrastructural, making apparent the very form of the non-descript embassy backdoor and its component parts: greenery as camouflage, the lone face of a strategically positioned surveillance camera, the additional lock or additional gates. These banal representations are the threshold of the exceptional space of the embassy, which in and of itself is the physical manifestation of an agreement between two states of respective sovereignty.” Text by @kat_ditzig (at STPI - Creative Workshop & Gallery) https://www.instagram.com/p/CQJqfgrlece/?utm_medium=tumblr

[vegas-glitz]

IT Scenario in Orissa

http://topicsofnote.com/?p=9905&utm_source=SocialAutoPoster&utm_medium=Social&utm_campaign=Tumblr

Facts Technologies (IT) is one particular of the most dominant and developing industry in the world wide economic system these days. The dynamic technological developments in the Facts Technological know-how has strengthened the changes in the economic system and social sector that are reworking the small business and society. In watch of this new variety of financial state-facts financial state, the software program advancement activity is anticipated to improve quite a few folds in the coming yrs. This engineering has resulted in the rising worth of the software program products and services. No require to displace and rehabilitate the tribes and no need to have to get paid income by selling the cherished metals. Program sector can fix these troubles upto some extent to increase our economic climate. The more than-drafted state can be paid regular normal salaries to the workforce and shell out a lot more income in overall health, education and learning and other developmental actions.

The energy for inviting IT industries was started out by the govt just just after the globalization. Government of India has taken a move to advertise the program exports from India to raise the global market place share by developing Software program Technologies Parks of India (STPI) throughout the place. The initial STPI of Orissa was begun in Bhubaneswar in 1992 with exports worthy of all around Rs. 2.3 million. At that time, the point out experienced only 4 computer software enhancement organizations named, Lee & Nee, Shivam, DPS and Radiant. In the 12 months 1997-98, some 25 companies like the software package majors like Satyam and Infosys registered less than the STPI. Each yr the quantity of IT businesses are raising. Now a lot more than 100 modest and medium enterprises (SMEs) beneath the STP scheme and 200 non-STP units are founded in different pieces of Orissa.

In 2004-2005, the condition accounted for an export income of Rs 4 billion rupees. The software package export total was all around Rs.3.19 billion in 2003-2004 which was pretty much a billion higher than the export profits of the previous yr ie Rs.2.13 billion. The condition is assured of making a income of Rs 7 billion and Rs 10 billion from program exports by the end of fiscal 2006-07 and 2007 -08. Owing to lack of deficiency of good infrastructure and retrograde ways like strikes by trade unions compel the Orissa to occupy bottom placement in this regard ..

Infrastructure is 1 of the most vital pre-requisites for fostering the advancement of IT market. As significantly as IT marketplace is anxious, it involves hi-tech habitant, bandwidth, optical fiber connectivity, satellite interaction, modern-day airport, and intercontinental conference heart. Completely ready availability of Hi-tech room with the demanded infrastructural facilities like constructed-in electrical and interaction amenities, info ports, central air-conditioning etcetera will be a great incentive for IT firms to established up their places of work on a rapid monitor. It is the endeavor of the Orissa Govt to facilitate creation of substantial extents of hello-tech place not only in and all around Bhubaneswar but...also in the important towns in the point out. In this regard, STPI Bhubaneswar established IT parks like Infocity, Fortune Tower, Tower 2000 and STPI Complicated. These IT Parks consist of subsequent infrastructure and features:

o Uninterrupted electrical power supply,

o Centrally air-issue.

o Fire detection and fighting program and lightning arrester.

o Individual Support Area for every single module comprising of individual gents and females bathrooms and clean.

o High-speed info url by optic fiber cables from STPI-Bhubaneswar.

o Capsule and Support raise services.

o Protected covered parking in basement and enough open parking facility.

o Cafeteria and Convention Halls.

o Lender and ATM.

The oxygen of IT industry, the bandwidth is an electronic freeway for the carry out of all human interactions in the new millennium. Nonetheless, the point out is nonetheless lying at the rear of by international expectations. Orissa federal government should acquire the guide in producing this mission-essential infrastructure by developing an eye-catching design for attaining bandwidth in an economically feasible fashion. At the similar time, the Authorities will boost the use of satellite conversation programs to deliver connectivity, particularly to the remote destinations in the Condition. The Govt will also encourage the use of wi-fi interaction systems to offer greater conversation services specifically in the previous mile. Moreover that an modern-day airport is important for fast and handy vacation and cargo movement to international IT centers. It facilitates (i) journey of IT pros to Silicon Valley and to other IT hubs of the earth, (ii) Brief cargo movement of laptop or computer hardware generated by Hardware producers to the Global markets and (iii) Importing IT equipment expected for investigation and improvement . The airport must have fantastic connectivity to all the major metropolitan areas with possessing great frequency. One more piece of essential infrastructure is the institution of an International Convention Middle with amenities to host Global IT exhibitions, Seminars and Conferences.

The enhancement of IT market in a region is an evolutionary course of action. This ongoing system of evolution wants a continuity also in the coverage atmosphere, which, in change, depends on the socio-economic environment.

The generation of confidence in modern society in the ability of IT to manage its working day to working day affairs and the technology of the huge spread belief that IT can be an successful instrument for the financial effectively staying of a people are necessary in this context. Nonetheless very good the aims of the IT plan may be, its successful implementation is dependent to a large extent on the extent to which the citizens in common and the advantage groups in particular respect its usefulness and derive the fruit it delivers. A properly created campaign to continuously increase the general public consciousness of the positive aspects of the different programs is really pertinent and critical in this context.

Supply by Devi Prasad Mahapatra

[vsplusonline]

An employee of HCL Tech in Noida confirms positive for Covid-19; company confirms

New Post has been published on https://apzweb.com/an-employee-of-hcl-tech-in-noida-confirms-positive-for-covid-19-company-confirms/

An employee of HCL Tech in Noida confirms positive for Covid-19; company confirms

NEW DELHI: An employee of the country’s third largest software services firm HCL Technologies has tested positive for Corona Virus its headquarters of Noida, the company confirmed in a statement.

“Unfortunately, one employee from our Noida office has been tested positive for the Novel Coronavirus while he was in self-isolation after his return from international travel and hence our office is following all government and heath advisory protocols. All prescribed protocols of sanitization and contact tracing have been done. The employee is currently in an isolation ward and all measures are being taken to provide best medical care to him and support to his family,” an HCL Technologies spokesperson said in a statement.

The spokesperson added that all other employees are in good health and are being monitored continuously. “We have invoked our COVID-19 Contingency Plan in all geographies which aims at maximizing Work from Home to aid social distancing and also issued a Travel Advisory across the company, taking full precautionary measures and suspending all non-essential travel until further notice.”

IT and BPO companies which employ a huge workforce have been asking employees to work from home as a means to curb the spread of the Corona Virus.

Infosys has advised employees to work from home where possible while ensuring client confidentiality and security,” Salil Parekh, CEO and managing director of Infosys had said in a statement on Monday.

States including Karnataka and Haryana which have IT hubs of Bengaluru and Gurugram have asked companies to allow work from home for their employees as a precautionary measure. The government has also temporarily tweaked its policy to allow work from home for IT-BPO operating from SEZs and STPIs last week.

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STPI & Non STPI procedure

Following Are Type of Legal Compliance’s for STPI Units

Statutory Reports for STP Units

Statutory Compliances for STP Units

Day to Day Compliances

Approvals From STP Authorities for various activities

Statutory Reports for STP Units (Legal Compliance’s for STP Units)

Monthly: Filing of monthly Performance Report (MPR). All units need to submit MPR to SPTI with in 7th of Next Month.…

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All you need to know about Incubators and Accelerators

This article is written by Sivagnana Selvi, pursuing Diploma in M&A, Institutional Finance and Investment Laws (PE and VC transactions), from Lawsikho. Here he discusses “incubator and accelerator.”             

Business Incubator

Every Start-up would face problems like fierce competition, financial matters, decision making, gaining patronage of its customers etc. Here comes a business incubator to assist startups to grow by giving them necessary management training or office space.

Sherman and Chappell have defined “Business incubator as an economic development tool primarily designed to help create new businesses in a community.” Incubators provide various services in developing business, marketing, networking Business incubators help emerging businesses by providing various support services, such as assistance in developing business and marketing, networking with highly specialised professionals, providing office space and equipment.[i]

The National Business Incubation Association (NBIA) was established in 1985, they provide business incubator facilities like consultation, financing, technical support. They define Incubator as “a catalyst tool for either regional or national economic development.”[ii] They also provide area wise assistance like women and minority – owned businesses, software or medical application. Incubators are supported by both Government and non profit bodies. These incubators focus on creation of jobs, expansion of tax base, and to expand the economy. Some incubators work with universities, they encourage faculties and students to indulge in research in business activities and funding. The Ministry of Electronic and Information Technology has recognised 4 Incubators, one of the incubators that work with Delhi University, by establishing Electropreneur Park for development of Product and IP creation in the ESDM sector at a total estimated cost of Rs. 21.10 Crores implemented by Software Technology Parks of India (STPI), New Delhi in association with Delhi University (DU) and India Electronics & Semiconductor Association (IESA) with state-of-the-art facilities at South Campus, Delhi University. The project aims to support 50 start-ups over a period of 5 years.[iii] There is also a huge expansion of profit incubators due to the growth of e-commerce.

Stages of Business Incubators

  First Generation

Second Generation

Third Generation

Offering theoretical rationale

Office Space and Shared Resources Economic of scale

Coaching and training support Accelerating the learning curve

Access to technological, professional and financial networks, Access to external resources, knowledge and legitimacy.

Period

1950s- 1980s

Mid 1980s- mid 1990

Mid 1990s -2000s

Source: The Evolution of Business Incubators: Comparing demand and supply of business incubation services across different incubator generations.[iv]

According to Bruneel, Ratinho, Clarysse, Groen, business incubation can be classified into 3 stages:

Physical facility: This is the characteristics of a first generation business incubator by providing space for business to function, like an office, warehouse etc. Since physical space is crucial for any business entity, providing business space at an affordable price was very beneficial to the start-up.

Business support service: The second generation evolved when the business incubator was at peak, now the incubators expanded its function by providing essential support to business like finance, transport, technical support etc.

Networks’ perspective”[v]: The third generation of incubation concentrates more on development and innovation rather than sustain, this type of generation is also called “virtual or online incubation”. The third generation incubation provides for Access to professionals who help to develop the business, e.g. Lawyers, financial network, intellectual property expert, marketing, IT services.

Incubator Funding

Incubator does not generally provide investment, they are funded by universities or economic organisation because they focus on formation of the Company, which may not necessarily require investment in the initial stage[vi]. But the third generation Incubator provides access to an external network, which allows interacting with various investors, like angel networks and venture capitalists.  Venture capital plays a crucial role, apart from providing funds. They also control the start-up companies to safeguard their interest. They provide financial needs and managerial processes.[vii] The start-up companies require a huge amount of money to acquire knowledge in various fields like technology development, strategy consultation, and patent attorney, which would cost a fortune. But collaborating with various organisations offers the opportunity to acquire new knowledge and develop new capabilities.[viii]

Case Study of CEI Navarra

This is a success story of CEI Navarra an incubator located in Spain established in 1988 by the Government of Navarra, a non- profit association. Its aim was to diversify the economic activity and to stimulate entrepreneurship. They have incubator space at 3 places in Spain by providing space for IT small medium enterprise, agro food companies and pre- incubation space for students and researchers at the University of Navarra. They also have an incubator business club which promotes growth and competitive attitude, by providing a networking platform. This incubator provides for 18 tenants incubator with 142 employers of the tenants, 11 start- ups created during 2018, 1716 start- ups created since beginning. This incubator helps the economy of Spain to grow and the survival rate of enterprise under this incubator is 72%.[ix]

Accelerator

They provide start-up to build up their initial product, to find potential customers, procure resources; to be precise Accelerator is limited duration assistance. They give a small working capital, working space and networking support.

            Click Above

Startup Accelerator Business Model

The origin of the seed accelerator can be traced back to 2005, it originated from Silicon Valley. Seed Accelerator provides a platform for start-ups and entrepreneurs to interact and connect and to develop their business. The accelerator is similar to that of an incubator. The term incubator became famous after 1959 to create an environment which helps start-up companies to grow by providing expertise.  After the 2000 IT bubble many incubators came into existence. In 2005, Paul Graham started Y Combinator in Silicon Valley, which is distinct from traditional incubators, this kind of model later known as accelerator, they focus on the first three months of the start-up.[x]

The general features of an accelerator are according are:

It is open and highly competitive.

They provide for seed investment for exchange of equity.

Instead of individuals they focus on small team

Start-up supported in cohort batches or ‘classes’.[xi]

Incubator and Accelerator in India

Indian Government encourages Incubators and Accelerators through various schemes and programmes to motivate start-up companies after the Make in India initiative. The Ministry of Micro, Small and Medium Enterprises (MSME) provides for the Incubator scheme. The background of the scheme is to “Support for Entrepreneurial and Managerial Development of MSMEs through Incubators”. The main objective of the scheme is to promote & support untapped creativity of individual and to promote adoption of latest technologies in manufacturing as well as knowledge based innovative MSMEs (ventures) that seek the validation of their ideas at the proof of concept level[xii]. The scheme promotes the incubators who will assist the MSMEs in expansion of the business by providing them with design, strategy and execution.

India Start -Up Hub also provides an incubation centre for startup companies. The incubation centres provide, meeting space, sector specific expertise/ adequate research and development, technology plus machine plug and play facility and assist to raise fund and provide support in marketing[xiii]. They also provide for sector specific incubation in the field of:

Advertising

Energy

Agriculture

Artificial intelligence

Fashion technology

Arts

Internet of things

Marketing

Food and beverages

Chemicals etc.

Indian government has recognised many incubators and accelerators for development of start-up companies.

Difference between Incubators and Accelerators[xiv]

Characteristics

Incubators

Accelerators

Clients

Science based business (biotech, medical devices, nanotechnology ) etc.

Mostly IT based, like web designing, cloud computing.

Selection process

Competitive selection, mostly from the same region.

Competitive selection of firms from wide regions or even nationally (or globally).

Term of assistance

Ranges from 1 to 5 years.

Short term assistance from 1-3 months.

Services

They provide services like consultation, specialised advice in IPR, skill development.

Give ideas, procure resources and investments, find customers.

Investment

 They do not have funds to invest directly, create a network to expand the business, they do not take equity.

They invest money in companies and take equity.

Case Study of Y Combinator

Y Combinator is a well known seed accelerator situated in California, US in 2005. They invest in start-ups who need funding in the initial stages of the business, in return for small stakes in the start-up. They promote various programmes like YC fellowship which targets companies in their early stage, YC Fund which invests in their alumni company whose value is less than $300 million. They have also established Research Labs and Start-up  School for the benefits of start-up. Their successful clients are airbnb, stripe, dropbox, etc.[xv]

Which is better for a Startup?

To analyse the better suited model for start- up let us see the characteristics of incubator and accelerator.

The characteristics of incubator are:

It is not for profit and regularly associated with colleges and universities.

Office space will be provided at reasonable rates.

Focus on local start-up companies.

The characteristics of accelerators are: 

It is open and highly competitive.

They provide for seed investment for exchange of equity.

Instead of individuals they focus on small team

Start-ups supported in cohort batches or ‘classes’.[xvi]

Basically the accelerator and incubator help the start-up to develop and grow. As we discussed, the accelerator and incubators are not the same, they are different in many aspects. The start-up accelerator gives a time framework to develop and the incubator promotes innovative ideas and creates such an environment for the incubator to grow. To select an appropriate model for the business development we need to analyse the pros and cons of incubators and accelerators.

ADVANTAGES OF INCUBATOR

Incubators provide for infrastructure which is very expensive for the start-up to afford in the early stage of the business. Incubators also provide for shared space for start-up which helps the start-up to interact with people who are in the same field and experiencing the same challenge.

Availability of mentors saves time and effort.

DISADVANTAGES OF INCUBATOR

There is no time frame to meet the goals, lack of motivation.

The start-up should also give up a certain percentage of equity to the incubator.

Incubator model is suitable for the company which is smaller in size and there is no pressurising timeline to grow.

ADVANTAGES OF ACCELERATOR

Since there is a predefined time frame set for the start-up, and there is a certainty for return from the investment, many investors provide funds for start-up.

The limited time period will help the start-up in the right track and goal oriented. The start-up will be more focused.

DISADVANTAGES OF ACCELERATOR

The time constrained will be pressurizing.

Giving up the start-up equity, unlike incubator, a large percentage of equity should be given by the start-up under accelerator

This model is best suited for the start-up who needs a huge investment and not inclined towards long term goals and more focused on short term development

Both the incubator and accelerator are best suited for a start-up, based on the purpose, duration, application process, investment etc., start-up can decide their best suited model for development of their business.

References

[i] Available on https://worldbusinessincubation.wordpress.com/2012/12/10/business-incubation-and-business-incubator-defined/ last visited on 19-03-2020

[ii] Available on https://www.inc.com/encyclopedia/national-business-incubation-association-nbia.html last visited on 19-03-2020

[iii] Available on https://www.meity.gov.in/esdm/incubators visited on 19-03-2020

[iv] Available on https://ris.utwente.nl/ws/files/6809752/evolution.pdf last visited on 19-03-2020

[v] Supra 1

[vi] Available on https://www.entrepreneur.com/article/294798 last visited on 19-03-2020

[vii] Thomas Hellman and Manju Puri, Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence, The Journal of Finance Vol. 57, No. 1 (Feb., 2002), pp. 169-19, available on https://www.jstor.org/stable/pdf/2697837.pdf?refreqid=excelsior%3A5d0de56d899c42d6ac6e5282a94bafab last  visited on 19-03-2020.

[viii] Bruneel, Johan & Ratinho, Tiago & Clarysse, (2012). The Evolution of Business Incubators: Comparing demand supply of business incubation service across different incubator generation. Technovation 32 (2012) 110-121. Available on https://ris.utwente.nl/ws/files/6809752/evolution.pdf last visited on 19-03-2020.

[ix] Available at https://ec.europa.eu/regional_policy/sources/docoffic/2007/working/innovation_incubator_case.pdf.

[x] Lisa, Alexander, Gustav.. Accelerating Success: A study of seed accelerators and their defining characteristics, Department of Technologyy Management and Economics, Chalmers University and Management. Available on https://odr.chalmers.se/bitstream/20.500.12380/161790/1/161790.pdf last visited on 20/03/2020.

[xi]  C. Scott Dempwolf, Jennifer Auer and Michelle D’Ippolito, Innovation Accelerators: Defining Characteristics Among Startup Assistance Organization. Available on file:///C:/Users/DELL/Downloads/rs425-Innovation-Accelerators-Report-FINAL.pdf last visited on 20/03/2020

[xii] Available on https://my.msme.gov.in/inc/Giudeline.aspx last visited 20/03/2020.

[xiii] Available on http://indiastartuphub.com/Incubators.aspx last visited on 20/03/2020

[xiv] Atkins, D. 2011. What are the new seed or venture accelerators? Available at http://www.nbia.org/resource_library/review_archive/0611_01.php

[xv] Available at https://www.ycombinator.com/

[xvi] Available on file:///C:/Users/DELL/Downloads/rs425-Innovation-Accelerators-Report-FINAL.pdf last visited on 20/03/2020

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Businesses need to obtain registration under various laws and regulations before starting the operations.We assist our clients in obtaining the registrations quick and hassle free by saving cost and time.

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